ARK Invest Adds 2.65 Million Palantir (PLTR) Shares as CNBC Suggests That the Stock May Become the Next Center of Attention for the WallStreetBets Crowd
https://wccftech.com/ark-invest-adds-2-65-million-palantir-pltr-shares-as-cnbc-suggests-that-the-stock-may-become-the-next-center-of-attention-for-the-wallstreetbets-crowd/
Palantir (NYSE:PLTR), the big data analytics firm that is fast becoming a darling of retail investors, continues to attract interest even amid a relatively prolonged share price slump.
To wit, Cathie Wood’s ARK Invest added over 2.65 million (2,658,800) Palantir shares on Wednesday, bringing the fund’s total ownership in the company to 15.37 million (15,373,733) shares. Bear in mind that the ARK Innovation ETF (ARKK) currently holds over 9.8 million Palantir shares, while the ARK Next Generation Internet ETF (ARKW) holds over 5.5 million shares. Interestingly, if ARK Invest maintains its current trajectory vis-à-vis Palantir, the stock would soon feature among the top 10 holdings of ARKW.